BUS 346 - Private Law in a Market Economy

Credits: 3Planned Offering: Fall, WinterPrerequisite: At least junior standing. Limited to BSADM, ACCB, and JOURF majors. This course studies the law governing the relations between individuals in day-to-day commerce. The emphasis is on how individuals and firms organize their voluntary agreements in markets, a process governed by the law of contracts. The course covers this process, ranging from the sale of goods, through the securing and payment of debt, to the creation of large corporations. Both the Common Law and the Uniform Commercial Code are analyzed. The course accents procedural and managerial techniques and stresses economic and ethical issues. Writing assignments apply legal theories to literary masterworks and hypothetical situations. Culpepper.